Politics Barack Obama

More

  • WASHINGTON— For most of an agonizingly slow recovery from the Great Recession, millions of out-of-work Americans huddled on the sidelines of the job market. Yet Friday's jobs report added to evidence of a long-awaited shift:. This has created a "tug of war," says Joshua Shapiro, chief U.S. economist at forecasting firm MFR, Inc., between rising retirements and the...

  • WASHINGTON, Feb 5- President Barack Obama will propose a $2.5 billion tax credit over five years for businesses that invest in programs at local community colleges and hire their graduates, administration officials said on Friday. "Employers can define those skills and help colleges develop the curriculum that teaches them," said James Kvall, White House...

  • WASHINGTON— Twitter is now using spam-fighting technology to seek out accounts that might be promoting terrorist activity and is examining other accounts related to those flagged for possible removal, the company announced Friday. The White House on Friday said Twitter's announcement was "very much welcome. "The administration is committed to taking every...

  • WASHINGTON, Feb 5- U.S. employment gains slowed more than expected in January as the boost to hiring from unseasonably mild weather faded, but rising wages and an unemployment rate at an eight-year low suggested the labor market recovery remains firm. Nonfarm payrolls increased by 151,000 jobs and the unemployment rate slipped one-tenth of a percentage point...

  • Feb 5- Wall Street extended a sharp selloff in afternoon trading on Friday after data showing the U.S. unemployment rate had hit an eight-year low in January revived the prospect of a Fed rate hike this year, and tech stocks sold off heavily following weak forecasts. Despite the expected slowdown in job growth, the unemployment rate fell to 4.9 percent, the lowest...

  • WASHINGTON— President Barack Obama on Friday used a new jobs report to continue his victory lap on the economy— and jab at the Republicans vying for his job. In brief remarks to reporters at the White House, Obama declared the U.S. has "the strongest, most durable economy in the world." The president spoke shortly after the Labor Department announced that U.S....

  • WASHINGTON, Feb 5- President Barack Obama on Friday said the latest jobs report showing the unemployment rate at an eight-year low of 4.9 percent was a testament to the strength of the American economy. "We should be proud of the progress we've made," Obama told reporters in the White House briefing room. But Obama noted "softness" in China, Europe and other economies...

  • Obama: Americans anxious about economic future

    President Obama argues the U.S. should be proud of the economic progress it has made, in discussing the economic future of the country.

  • Pres. Obama: Clean energy big focus in budget

    President Obama shares details of his final presidential budget, with a big emphasis on clean energy.

  • Pres. Obama: US has strongest, durable economy in world

    President Obama reacts to the January jobs report, showing nonfarm payrolls rose by just 151,000, and the unemployment rate fell to 4.9 percent, saying there "is softness in the global economy creating headwinds for U.S. companies."

  • ALBUQUERQUE, N.M.— New Mexico has succeeded in a lengthy legal battle aimed at barring a horse slaughter operation from opening in the state. Bruce Wagman, an attorney for the horse advocacy group Front Range Equine Rescue, said Friday that the order and previous rulings from the judge effectively end any chance of a horse slaughter operation opening in New...

  • A woman fills her vehicle with gas at a U-Gas station in Miami, Florida.

    The cost of President Obama's $10 oil tax proposal would likely be passed along to consumers, analysts told USA Today.

  • WASHINGTON, Feb 5- Barack Obama might seem an unlikely investor in the firearms industry. Since Obama was elected in 2009, mutual funds have raised their stakes to about $510 million from $30 million in the nation's two largest gun manufacturers with publicly traded shares, Smith& Wesson Corp and Sturm, Ruger& Co. The White House declined to comment on Obama's...

  • Feb 4- A stock-trading algorithm built for Reuters highlights the correlations among gun purchases, mass shootings and the politics of gun regulation. With the benefit of hindsight, the Boston- based hedge fund Quantopian examined how a theoretical investor would have fared by investing equal amounts in Smith& Wesson Holding Corp and Sturm Ruger& Co after 20...

  • Raising revenue and spending money are powers reserved to Congress by the U.S. The president can propose but Congress decides. The Budget and Accounting Act of 1921 requires the president to submit a unified budget to Congress each year.

  • Democratic U.S. presidential candidates Senator Bernie Sanders (L) and former Secretary of State Hillary Clinton during the Democratic presidential candidates debate sponsored by MSNBC at the University of New Hampshire in Durham, New Hampshire, February 4, 2016.

    In a caustic debate, Hillary Clinton and Senator Bernie Sanders traded attacks and put their own spin on the word “progressive.”

  • AP FACT CHECK: Clinton, Sanders missteps Friday, 5 Feb 2016 | 3:09 AM ET

    WASHINGTON— Hillary Clinton cast the financial industry as an adversary in her presidential campaign— despite the money that industry has poured into her White House effort. CLINTON on Wall Street: "They are trying to beat me in this primary." THE FACTS: Wall Street is not the anti-Clinton monolith she implied.

  • AP FACT CHECK: Dems in New Hampshire Thursday, 4 Feb 2016 | 10:21 PM ET

    WASHINGTON— Hillary Clinton cast the financial industry as an adversary in her presidential campaign— despite the money that industry has poured into her White House effort. CLINTON on Wall Street: "They are trying to beat me in this primary." THE FACTS: Wall Street is not the anti-Clinton monolith she implied.

  • President Barack Obama will launch a long-shot bid next week to impose a $10- a-barrel tax on crude oil that would fund the overhaul of the nation's aging transportation infrastructure, the White House said on Thursday. "By placing a fee on oil, the President's plan creates a clear incentive for private sector innovation to reduce our reliance on oil and at the...

  • U.S. House Republicans vow to kill Obama oil tax idea Thursday, 4 Feb 2016 | 4:57 PM ET

    WASHINGTON, Feb 4- Republicans in the U.S. Congress on Thursday reacted swiftly to President Barack Obama's call for a new, $10 per barrel tax on oil, promising to kill what they called an "absurd" idea. "From day one of President Obama' s administration, he has waged open warfare on American energy," said House Majority Whip Steve Scalise, the third-ranking Republican.